According to documents filed with the SEC today by Yahoo, CEO Marissa Mayer will receive “golden parachute compensation” totaling over $23 million when Verizon successfully closes its buyout of Yahoo’s internet properties. That payout will be a mixture of cash (around $3 million), equity, and benefits.
“The values in this column represent the cash payments to which the executive officer would be entitled under either the change-in-control plan or under the severance agreement, whichever is greater,” the document reads, suggesting that a few dominos would need to fall in order for Mayer to receive that severance.
When the Verizon/Yahoo transaction is finalized, the remaining Altbaba company — what’s left out of the $4.48...
